Village Roadshow (ASX:VRL) has today announced the successful completion of the retail component of its fully underwritten entitlement offer.
The company says $15.7 million in gross proceeds were raised under the retail component.
The entitlement was well supported with a 63 per cent take up rate by eligible shareholders.
Completion of the retail offer represents the final stage of Village Roadshow’s offer to raise about $51 million.
New shares under the offer will rank equally with existing Village Roadshow shares from the date of their issue.
Village Roadshow (ASX:VRL) is trading 1.59 per cent higher to $1.92.